UAE expats: Here are the top five retirement concerns and risks – and how to address them

UAE expats: Here are the top five retirement concerns and risks – and how to address them

Dubai: Overspending, investing too conservatively and deviating away from your plan - these are some of the most common traps you can fall into on the way to retirement. The good news is that they're easily avoidable. Although other risks - like a health crisis or a market downturn - can't be avoided, but they can be managed. In this article we discuss some of the most common dangers to your retirement strategy and the steps you can take to prepare for them. By laying some financial groundwork now, you can ensure a smooth transition to retirement. Here are the four biggest financial concerns about retirement, according to a global surveys from US-based personal finance firm Bankrate. com and lender Bank of America's investment arm Merrill Lynch. Healthcare costs are among the top retirement concerns for those planning to save for retirement. The issues pertaining to this is that neither can a fixed amount be calculated, nor planned in advance for. According to the surveys, 28 per cent of people are worried their medical expenses will be in too high. But fewer than 15 per cent of those nearing retirement age have estimated how much they will spend on health